Noble announces acquisition of Diamond Offshore

Noble Corp is set to acquire Diamond Offshore Drilling in a stock plus cash transaction. Upon its completion, Noble will own and operate 41 rigs – 28 floaters and 13 jackups. Additionally, backlog for the combined company would be approximately $6.5 billion as of 10 June.

“Our position will be strengthened with the addition of four 7th-generation drillships and one of the most high-spec harsh-environment semisubmersible rigs in the world. Additionally, Diamond’s five conventional deepwater and midwater rigs have averaged above 85% utilization over the last three years and currently have strong forward contract coverage,” said Robert Eifler, Noble President and CEO.

Crew Hawk set for deployment on Middle East jackup

Salunda secured a multi-year contract to install its Crew Hawk red zone monitoring solution on a jackup in the Middle East. The award marks the organization’s first installation on a jackup in the region.   

Crew Hawk wirelessly monitors hazardous working environments in real time, tracking individuals and equipment to provide anonymized feedback.  

When an individual enters an exclusion or red zone, it triggers an alarm, sending notifications to both the individual’s personal locator and the area authority, allowing both parties to take corrective action.

Odfjell to supply tubular-running services to COSL

Odfjell Technology secured a contract with COSL Drilling Europe for tubular-running services. The fixed part of the contract is valued at approximately 160 million NOK and has a duration of three years, with the option for two additional one-year periods.

Baker Hughes, Petrobras sign multi-year contract 

Baker Hughes received a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil. Under the multi-year project, set to start in the first half of 2025, Baker Hughes will deploy wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing and geosciences services. 

BP simplifies structure, makes executive changes

As part of an organizational restructuring, BP announced it will continue to have three businesses – Production & Operations, Gas & Low-carbon Energy, and Customers & Products. The Regions, Corporates & Solutions organization will be integrated into the businesses and functions, and BP will be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. Further, BP’s executive leadership team will reduce to 10 members. 

William Lin, who previously led Regions, Corporates & Solutions, will now lead the Gas & Low-carbon Energy business. He succeeds Anja-Isabel Dotzenrath, who is retiring from BP. Mr Lin is already a member of BP’s leadership team. 

Emeka Emembolu will head BP’s technology function, taking over from Leigh-Ann Russell, who is leaving BP for an external opportunity. Mr Emembolu has worked as Chief of Staff for the past two years, running the CEO office.

These changes are expected to reduce duplication and reporting line complexity. 

ADNOC extends contract with Vallourec for 2 years

Vallourec and ADNOC agreed to a two-year extension of a 2019 contract for the supply of tubes and connections for conventional and complex applications in onshore and offshore fields. In addition, the initial contract scope was expanded to include new services, such as local pipe coating and Tallyvision, which streamlines installation operations by providing full traceability for each tube.

ADNOC Drilling secures $1.7 billion contract

ADNOC Drilling was awarded by ADNOC a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. To service this contract, ADNOC Drilling established a new company, Turnwell Industries, which is set to deliver 144 unconventional oil and gas wells. Further, ADNOC Drilling entered a strategic partnership with SLB and Patterson-UTI. Patterson-UTI expects to primarily provide drilling, completion and other oilfield service expertise to Turnwell.

Nabors announces new name for Surface Services

Nabors rebranded its Surface Services offering to Nabors Integra Surface Services. It encompasses two product lines: tubular-running services and managed pressure drilling. Both are integrated with the company’s capital equipment tools, digital solutions and rig automation platform.

SLB deals aim to electrify subsea wells on Buzios field  

SLB was awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the Wave II development of Petrobras’ offshore Buzios field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions.

By converting to electric completions, Petrobras will gain the ability to reliably control a more sophisticated system in the subsurface. Full electrification of completions enables maximum production control across multiple reservoir drains, potentially requiring fewer wells and limiting heavy workovers during the productive life of Buzios wells.

Fortress expands with 4 locations across US markets

Fortress Downhole Tools opened four new locations across the US – Carlsbad, N.M.; Alice, Texas; Fort Morgan, Colo.; and Smithton, Penn. – to serve the Permian Delaware, Eagle Ford, DJ and Marcellus basins.

Expro acquires Coretrax

Expro completed its acquisition of Coretrax, an Aberdeen-based provider of drilling tools and wellbore cleanup, well integrity and production optimization solutions.

IFS to buy Copperleaf

IFS entered into a definitive agreement to buy Copperleaf Technologies, which provides AI-powered enterprise asset investment planning and management software. 

Saeed joins Westerton Access in Middle East

Westerton Access, a provider of specialist inspection, maintenance and integrity services to the energy market, has hired Jehan Saeed as Regional Manager for its overall sales and operations in the Middle East.

Prior to joining Westerton Access, Ms Saeed had served as Sales Manager for Forum Energy Technologies in the Eastern Hemisphere, as well as in various sales and product line manager roles at National Oilwell Varco.

PRODUCTS

CO₂LINK streamlines CO₂ injection, storage processes

Kongsberg Digital and Computer Modeling Group (CMG) have launched CO₂LINK, a simulator coupling that streamlines CO₂ injection and storage processes. This software enables seamless modeling of the interaction between well and reservoir systems, traditionally treated as separate entities.

The software is the result of the GELECO₂ joint industry project, initiated in February 2022 to tackle the challenge of repurposing aging oil and gas reservoirs. The project unites a consortium of 12 energy companies and is supported by CLIMIT, Norway’s national research program for carbon capture solutions.

CO₂LINK integrates Kongsberg Digital’s advanced transient multiphase flow simulator, LedaFlow, with CMG’s reservoir simulator, GEM. The simulator coupling allows operators to better anticipate and navigate potential bottlenecks and challenges, instead of using spreadsheets to connect reservoir and pipeline simulations.

New fluid end design enhances maintenance of GDEP’s 800HDD pump

GD Energy Products (GDEP) introduced its latest fluid end design for the GD 800HDD pump, a compact, lightweight pump featuring an extremely high rod load and delivering a flow rate of over 1,000 GPM. It serves a wide variety of HDD appliations.

The new fluid end design employs GDEP’s patented Falcon retaining technology, making it easier to service and maintain the pump. This design accelerates valve changeout time more than fivefold, resulting in reduced maintenance downtime during operations. In addition, costly third-party replacement parts that accompanied the previous “cage-style” valve design are eliminated, which enables improved operational efficiencies and streamlined procurement.

GDEP noted that all of the GD 800HDD pumps will now utilize the new fluid end technology.

Single-sack cement allows for easier storage, mixing

Halliburton introduced the SentinelCem Pro cement system to its lost-circulation solutions portfolio. The single-sack packaging enables proactive storage in offshore and remote locations.

The cement eliminates the need for pre-hydration of the slurry design and access to high-purity water sources. This feature facilitates more efficient rig operations with the option to directly mix the system on the fly or in a batch mixer.

The thixotropic nature of SentinelCem Pro cement allows the system to stay fluid while being pumped into lost-circulation zones and to rapidly gel when pumping stops. This feature enables the system to penetrate deep into fractures and vugular formations to mitigate costly drilling fluid loss to the formation. The system’s early compressive strength development enables a quick return to drilling operations, reducing the risk for costly NPT.